Forbes Valuations for the 30 Clubs in Major League Baseball

The following is a listing of the ranking and valuation of the 30 clubs in MLB as estimated by Forbes.

Note that the year shown is the year data is published, yet reflects numbers from the season prior

2012 |2011 |2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002

Estimated MLB Revenues/Income/Franchise Values, 1990-2003

2012

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Issued on 3/21/2012

Rk

Team

Current Value
($mil)

1-Yr Value
Change (%)

Debt/Value
(%)

Rev
($mil)

Op Income
($mil)

1

New York Yankees

1,850

9

2

439

10

2

Los Angeles Dodgers

1,400

75

41

230

1.2

3

Boston Red Sox

1,000

10

24

310

25.4

4

Chicago Cubs

879

14

66

266

28.1

5

Philadelphia Phillies

723

19

24

249

-11.6

6

New York Mets

719

-4

69

225

-40.8

7

Texas Rangers

674

20

55

233

15.3

8

LA Angels

656

18

3

226

-1.2

9

San Francisco Giants

643

14

16

230

8.8

10

Chicago White Sox

600

14

7

214

10.7

11

St Louis Cardinals

591

14

47

233

25

12

Seattle Mariners

585

30

0

210

2.2

13

Houston Astros

549

16

41

196

24.3

14

Minnesota Twins

510

4

20

213

16.6

15

Atlanta Braves

508

5

0

203

20.7

16

Washington Nationals

480

15

52

200

25.9

17

Detroit Tigers

478

24

39

217

8.2

18

Colorado Rockies

464

12

15

193

14.4

19

Baltimore Orioles

460

12

33

179

12.9

20

San Diego Padres

458

13

44

163

23.2

21

Miami Marlins

450

25

32

148

8.9

22

Milwaukee Brewers

448

19

27

195

19.2

23

Arizona D-Backs

447

13

39

186

27.2

24

Cincinnati Reds

424

13

10

185

17.1

25

Toronto Blue Jays

413

23

0

188

24.9

26

Cleveland Indians

410

16

27

178

30.1

27

Kansas City Royals

354

1

14

161

28.5

28

Pittsburgh Pirates

336

11

38

168

15.9

29

Tampa Bay Rays

323

-2

36

161

26.2

30

Oakland Athletics

321

5

28

160

14.6

2011

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Issued on 3/23/2011

Rk Team
1 New York Yankees 1,700 6 4 427 25.7
2 Boston Red Sox 912 5 26 272 -1.1
3 Los Angeles Dodgers 800 10 54 246 32.8
4 Chicago Cubs 773 6 75 258 23.4
5 New York Mets 747 -13 60 233 -6.2
6 Philadelphia Phillies 609 13 29 239 8.9
7 San Francisco Giants 563 16 21 230 29.9
8 Texas Rangers 561 25 66 206 22.6
9 Los Angeles Angels of Anaheim 554 6 10 222 11.8
10 Chicago White Sox 526 13 8 210 27.6
11 St Louis Cardinals 518 6 53 207 19.8
12 Minnesota Twins 490 21 20 213 26.5
13 Atlanta Braves 482 7 0 201 22.2
14 Houston Astros 474 5 12 197 14.4
15 Seattle Mariners 449 2 15 204 9.9
16 Washington Nationals 417 8 60 194 36.6
17 Colorado Rockies 414 8 19 188 16.3
18 Baltimore Orioles 411 9 37 175 25.5
19 San Diego Padres 406 0 49 159 37.2
20 Arizona Diamondbacks 396 4 25 180 6.2
21 Detroit Tigers 385 3 55 192 -29.1
22 Milwaukee Brewers 376 7 32 179 12.4
23 Cincinnati Reds 375 13 11 179 20.1
24 Florida Marlins 360 13 40 143 20.2
25 Cleveland Indians 353 -10 31 168 12.1
26 Kansas City Royals 351 3 14 160 10.3
27 Toronto Blue Jays 337 3 0 168 3.6
28

Tampa Bay Rays

331 5 35 166 6.8
29 Oakland Athletics 307 4 29 161 23.2
30 Pittsburgh Pirates 304 5 42 160 24.6

2010

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Issued on 4/7/2010

Rank Team Current Value1 ($mil) 1-Yr Value Change (%) Debt/Value2 (%) Revenues ($mil) Operating Income3 ($mil)
1 New York Yankees 1,600 7 89 441 24.9
2 Boston Red Sox 870 4 28 266 40.0
3 New York Mets 858 -6 81 268 26.2
4 Los Angeles Dodgers 727 1 58 247 33.1
5 Chicago Cubs 726 4 80 246 25.5
6 Philadelphia Phillies 537 8 33 233 14.5
7 Los Angeles Angels of Anaheim 521 2 7 217 12.0
8 St Louis Cardinals 488 0 56 195 12.8
9 San Francisco Giants 483 3 26 201 23.5
10 Chicago White Sox 466 3 9 194 26.4
11 Houston Astros 453 2 12 189 7.1
12 Texas Rangers 451 11 105 180 4.7
13 Atlanta Braves 450 1 0 188 1.5
14 Seattle Mariners 439 3 23 191 10.5
15 San Diego Padres 408 2 49 157 32.1
16 Minnesota Twins 405 14 25 162 25.0
17 Cleveland Indians 391 -2 28 170 10.1
18 Washington Nationals 387 -5 65 184 33.5
19 Colorado Rockies 384 3 21 183 20.1
20 Arizona Diamondbacks 379 -3 38 172 -0.6
21 Baltimore Orioles 376 -6 40 171 19.4
22 Detroit Tigers 375 1 56 188 -29.5
23 Milwaukee Brewers 351 1 34 171 10.2
24 Kansas City Royals 341 9 15 155 8.9
25 Cincinnati Reds 331 -3 12 166 17.8
26 Toronto Blue Jays 326 -8 0 163 13.1
27 Florida Marlins 317 15 32 144 46.1
28 Tampa Bay Rays 316 -1 19 156 15.7
29 Oakland Athletics 295 -8 30 155 22.1
30 Pittsburgh Pirates 289 0 35 145 15.6

Revenues and operating income are for 2009 season.
1Value of team based on current stadium deal (unless new stadium is pending) without deduction for debt (other than stadium debt).
2Includes stadium debt.
3Earnings before interest, taxes, depreciation and amortization.
NA: Not applicable.

2009

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Issued on 4/22/2009

Rank Team Current Value1 ($mil) 1-Yr Value Change (%) Debt/Value2 (%) Revenues ($mil) Operating Income3 ($mil)
1 New York Yankees 1,500 15 95 375 -3.7
2 New York Mets 912 11 76 261 23.5
3 Boston Red Sox 833 2 29 269 25.7
4 Los Angeles Dodgers 722 4 58 241 16.5
5 Chicago Cubs 700 9 0 239 29.7
6 Los Angeles Angels
of Anaheim
509 2 7 212 10.3
7 Philadelphia Phillies 496 3 35 216 16.3
8 St Louis Cardinals 486 0 50 195 6.6
9 San Francisco Giants 471 -5 28 196 22.4
10 Chicago White Sox 450 2 9 196 13.8
11 Atlanta Braves 446 -10 0 186 4.7
12 Houston Astros 445 -4 12 194 17.0
13 Seattle Mariners 426 -9 23 189 3.8
14 Washington Nationals 406 -12 62 184 42.6
15 Texas Rangers 405 -2 66 176 17.4
16 San Diego Padres 401 4 60 174 22.9
17 Baltimore Orioles 400 0 38 174 27.2
18 Cleveland Indians 399 -4 25 181 19.5
19 Arizona Diamondbacks 390 3 51 177 3.9
20 Colorado Rockies 373 1 21 178 24.5
21 Detroit Tigers 371 -9 57 186 -26.3
22 Minnesota Twins 356 9 28 158 26.8
23 Toronto Blue Jays 353 0 0 172 3.0
24 Milwaukee Brewers 347 5 35 173 11.8
25 Cincinnati Reds 342 2 12 171 17.0
26 Tampa Bay Rays 320 10 19 160 29.4
27 Oakland Athletics 319 -1 28 160 26.2
28 Kansas City Royals 314 4 13 143 9.0
29 Pittsburgh Pirates 288 -1 35 144 15.9
30 Florida Marlins 277 8 32 139 43.7


Revenues and operating income are for 2008 season.
1Value of team based on current stadium deal (unless new stadium is pending) without deduction for debt (other than stadium debt).
2Includes stadium debt.
3Earnings before interest, taxes, depreciation and amortization.
NA: Not applicable.

 

2008

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Issued on 4/16/2008

Rank Team Current Value 1 ($mil) 1-Yr Value Change (%) Debt/
Value 2
(%)
Rev
($mil)
Op Income3 ($mil)
1 New York
Yankees
1,306 9 77 327 -47.3
2 New York Mets 824 12 97 235 32.9
3 Boston Red Sox 816 13 29 263 -19.1
4 Los Angeles
Dodgers
694 10 61 224 20.0
5 Chicago Cubs 642 8 0 214 21.4
6 Los Angeles
Angels of
Anaheim
500 16 7 200 15.2
7 Atlanta Braves 497 9 0 199 28.1
8 San Francisco
Giants
494 8 28 197 19.9
9 St Louis Cardinals 484 5 51 194 21.5
10 Philadelphia
Phillies
481 5 36 192 14.3
11 Seattle Mariners 466 7 21 194 10.1
12 Houston Astros 463 5 12 193 20.4
13 Washington
Nationals
460 3 54 153 43.7
14 Chicago White Sox 443 16 9 193 30.6
15 Cleveland Indians 417 14 24 181 29.2
16 Texas Rangers 412 13 65 172 17.2
17 Detroit Tigers 407 14 52 173 4.6
18 Baltimore Orioles 398 1 38 166 7.7
19 San Diego Padres 385 5 45 167 23.6
20 Arizona
Diamondbacks
379 12 54 165 5.9
21 Colorado Rockies 371 17 22 169 26.2
22 Toronto Blue Jays 352 2 0 160 -1.8
23 Cincinnati Reds 337 10 12 161 19.3
24 Milwaukee Brewers 331 15 36 158 19.2
25 Minnesota Twins 328 14 27 149 23.8
26 Oakland Athletics 323 11 28 154 15.4
27 Kansas City Royals 301 7 13 131 7.4
28 Pittsburgh Pirates 292 7 34 139 17.6
29 Tampa Bay Rays 290 8 14 138 29.7
30 Florida Marlins 256 5 34 128 35.6

Revenues and operating income are for 2007 season.
1Value of team based on current stadium deal (unless new stadium is pending) without deduction for debt (other than stadium debt).
2Includes stadium debt.
3Earnings before interest, taxes, depreciation and amortization.
NA: Not applicable.

2007

Issued on 4/19/07

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Rank Team Current Value 1 ($mil) 1-Yr Value Change (%) Debt/
Value 2
(%)
Rev |($mil) Op Income3 ($mil)
1 New York
Yankees
1,200 17 79 302 -25.2
2 New York
Mets
736 22 83 217 24.4
3 Boston
Red Sox
724 17 33 234 19.5
4 Los Angeles
Dodgers
632 31 67 211 27.5
5 Chicago Cubs 592 32 0 197 22.2
6 St Louis
Cardinals
460 7 53 184 14.0
7 San Francisco
Giants
459 12 32 184 18.5
8 Atlanta Braves 458 13 0 183 14.8
9 Philadelphia
Phillies
457 8 38 183 11.3
10 Washington
Nationals
447 2 56 144 19.5
11 Houston Astros 442 6 12 184 18.4
12 Seattle Mariners 436 2 23 182 21.5
13 Los Angeles
Angels
of Anaheim
431 17 8 187 11.5
14 Baltimore Orioles 395 10 38 158 17.1
15 Chicago White Sox 381 21 10 173 19.5
16 San Diego Padres 367 4 48 160 5.2
17 Texas Rangers 365 3 73 155 11.2
18 Cleveland Indians 364 4 27 158 24.9
19 Detroit Tigers 357 22 59 170 8.7
20 Toronto Blue Jays 344 20 0 157 11.0
21 Arizona
Diamondbacks
339 11 68 154 6.4
22 Colorado Rockies 317 6 28 151 23.9
23 Cincinnati Reds 307 12 13 146 22.4
24 Oakland Athletics 292 24 31 146 14.5
25 Minnesota Twins 288 33 31 131 14.8
26 Milwaukee Brewers 287 22 42 144 20.8
27 Kansas City Royals 282 18 14 123 8.4
28 Pittsburgh Pirates 274 10 37 137 25.3
29 Tampa Bay
Devil Rays
267 28 15 134 20.2
30 Florida Marlins 244 8 36 122 43.3

Revenues and operating income are for 2006 season.
1Value of team based on current stadium deal (unless new stadium is pending) without deduction for debt (other than stadium debt).
2Includes stadium debt.
3Earnings before interest, taxes, depreciation and amortization.
NA: Not applicable.

2006

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Issued 4/20/06

Rank Team Current Value1 ($mil) 1-Yr Value Change (%) Debt/
Value2
(%)
Rev
($mil)
Op Income3 ($mil)
1 New York
Yankees
1026 8 12 277 -50.0
2 Boston
Red Sox
617 10 39 206 -18.5
3 New York Mets 604 20 42 195 -16.1
4 Los Angeles
Dodgers
482 14 87 189 13.4
5 Chicago Cubs 448 12 0 179 7.9
6 Washington
Nationals
440 42 27 145 27.9
7 St Louis Cardinals 429 16 47 165 7.9
8 Seattle Mariners 428 3 23 179 7.3
9 Philadelphia Phillies 424 8 42 176 14.8
10 Houston Astros 416 17 13 173 30.2
11 San Francisco Giants 410 8 37 171 11.2
12 Atlanta Braves 405 6 7 172 27.6
13 Los Angeles Angels
of Anaheim
368 25 10 167 -2.6
14 Baltimore Orioles 359 5 42 156 21.0
15 San Diego Padres 354 8 56 158 13.0
16 Texas Rangers 353 8 45 153 24.7
17 Cleveland Indians 352 10 28 150 34.6
18 Chicago White Sox 315 20 11 157 21.7
19 Arizona
Diamondbacks
305 7 79 145 21.8
20 Colorado Rockies 298 3 30 145 16.3
21 Detroit Tigers 292 22 73 146 3.5
22 Toronto Blue Jays 286 34 0 136 29.7
23 Cincinnati Reds 274 8 15 137 17.9
24 Pittsburgh Pirates 250 15 44 125 21.9
25 Kansas City Royals 239 28 15 117 20.8
26 Milwaukee Brewers 235 13 51 131 22.4
27 Oakland Athletics 234 26 38 134 16.0
28 Florida Marlins 226 10 31 119 -11.9
29 Minnesota Twins 216 21 42 114 7.0
30 Tampa Bay Devil Rays 209 19 17 116 20.3

Revenues and operating income are for 2005 season.
1Value of team based on current stadium deal (unless new stadium is pending) without deduction for debt (other than stadium debt).
2Includes stadium debt.
3Earnings before interest, taxes, depreciation and amortization.
NA: Not applicable.

2005

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Issued 4/7/05

Rank
Team
Current Value1
($mil)
1-Yr
Value Change(%)
Debt/
Value3
(%)
Rev
($mil)
Op
Income4
($mil)
1 New York Yankees 950
14
21
264 -37.1
2 Boston Red Sox 563
6
43
201 -11.3
3 New York Mets 505
14
50
180 -11.2
4 Los Angeles Dodgers 424
6
99
166 -7.4
5 Seattle Mariners 415
5
28
173 10.8
6 Chicago Cubs 398
11
10
170 11.4
7 Philadelphia Phillies 392
39
46
167 6.1
8 Atlanta Braves 382
2
8
162 15.4
9 San Francisco Giants 381
4
42
159 6.9
10 St Louis Cardinals 370
18
54
151 -3.9
11 Houston Astros 357
12
15
155 9.6
12 Baltimore Orioles 341
15
44
148 34.0
13 San Diego Padres 329
24
53
150 17.1
14 Texas Rangers 326
7
44
142 2.9
15 Cleveland Indians 319
9
33
139 27.2
16 Washington Nationals (formerly the Montreal Expos.) 310
114
45
80 -3.0
17 Los Angeles Angels of Anaheim 294
22
10
147 -30.0
18 Colorado Rockies 290
2
35
132 -7.8
19 Arizona Diamondbacks 286
3
103
136 -18.7
20 Chicago White Sox 262
6
11
131 8.1
21 Cincinnati Reds 255
4
26
127 22.6
22 Detroit Tigers 239
2
84
126 7.9
23 Pittsburgh Pirates 218
0
37
109 12.2
24 Toronto Blue Jays 214
27
0
107 7.8
25 Milwaukee Brewers 208
20
53
112 24.2
26 Florida Marlins 206
19
34
103 3.0
27 Kansas City Royals 187
9
16
104 3.0
28 Oakland Athletics 185
-1
32
116 5.9
29 Minnesota Twins 178
6
51
102 -0.5
30 Tampa Bay Devil Rays 176
16
63
110 27.2

2004

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Issued 4/26/04

Rank
Team/
Owner(s)

(Yr Acquired)
Current
Value
($mil)*
1-Yr
Chg
%
Change
**
Debt/
Value
***
Rev
($mil)
Op
In^
($mil)
 
1
New York Yankees
/George Steinbrenner ('73)
$832 -2% 15% 14% $238
$-26.3
2
Boston Red Sox
/John Henry
and
Tom Werner ('02)
533 9 NA 45 190
11.4
3
New York
Mets

/Fred Wilpon ('02)
442 -11 NA 57 158
-19.3
4
Los Angeles Dodgers
/Frank McCourt ('04)
399 -11 NA 105 154
-19.1
5
Seattle Mariners
/Hiroshi Yamauchi ('92)
396 3 10 29 169
17.0
6
Atlanta
Braves

/Time Warner ('76)
374 -12 13 8 156
-0.3
7
San Francisco Giants
/Peter Magowan and Harmon Burns ('92)
368 -4 11 46 153
0.7
8
Chicago Cubs
/Tribune Company ('81)
358 7 13 11 156
8.3
9
Houston Astros
/Robert McLane Jr ('92)
320 -2 10 17 128
-1.9
10
St Louis Cardinals
/William DeWitt Jr ('95)
314 2 9 43 131
-11.1
11
Texas Rangers
/Thomas Hicks ('98)
306 -8 3 47 127
-28.5
12
Baltimore Orioles
/Peter Angelos ('93)
296 -5 5 51 129
9.1
13
Cleveland Indians
/Lawrence Dolan ('00)
292 -12 -2 37 127
10.4
14
Colorado Rockies
/Jerry McMorris and Charlie Monfort ('92)
285 -6 10 35 124
-6.3
15
Philadelphia Phillies
/Bill Giles and David Montgomery ('81)
281 18 10 64 115
-12.5
16
Arizona Diamondbacks
/four-man partnership ('04)
276 3 NA 109 126
-15.2
17
San Diego Padres
/John Moores ('95)
265 17 12 59 106
4.9
18
Chicago
White Sox

/Jerry Reinsdorf ('81)
248 6 12 12 124
12.8
19
Cincinnati
Reds

/Carl Lindner ('99)
245 10 6 27 123
11.7
20
Anaheim Angels
/Arturo Moreno ('03)
241 7 NA 0 127
-5.5
21
Detroit Tigers
/Michael Ilitch ('92)
235 -1 9 85 117
0.3
22
Pittsburgh Pirates
/Kevin McClatchy ('96)
217 -3 11 41 109
-0.3
23
Oakland Athletics
/Steve Schott and Ken Hofmann ('95)
186 8 9 32 110
11.2
24
Milwaukee Brewers
/Allan Selig Trust ('70)
174 -16 9 63 102
5.1
25
Florida Marlins
/Jeffrey Loria ('02)
172 27 NA 41 101
-11.6
26
Kansas City Royals
/David Glass ('00)
171 12 15 18 98
6.6
27
Toronto Blue Jays
/Rogers Communications ('00)
169 2 5 0 99
0.0
28
Minnesota Twins
/Carl Pohlad ('84)
168 14 7 54 99
-7.1
29
Tampa Bay Devil Rays
/Vincent Naimoli ('95)
152 4 2 72 101
7.5
30
Montreal Expos
/Major League Baseball ('02)
145 29 NA 83 81
-8.3
 
MLB average
295 3 9 44 129
-1.9

Revenues and operating income are for 2003 season and include revenue sharing. *Value of team based on current stadium deal (unless new stadium is pending), without deduction for debt (other than stadium debt).

**Current team value compared with most recent transaction.

***Includes stadium debt.^Earnings before interest, taxes, depreciation and amortization. NA: Not applicable. Table compiled by Kurt Badenhausen, Cecily Fluke, Lesley Kump and Michael Ozanian. For more statistics, visit www.forbes.com/extra.

2003

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Issued 4/28/03

  value*  
Rank Team Current
($mil)
One-year
change
Operating
income**
($mil)
1 New York Yankees $849 13% $16.1
2 New York Mets 498 3 11.6
3 Boston Red Sox 488 14 -2.1
4 Los Angeles Dodgers 449 3 -25.0
5 Atlanta Braves 423 0 9.5
6 Seattle Mariners 385 3 23.3
7 San Francisco Giants 382 8 13.9
8 Chicago Cubs 335 17 11.9
9 Texas Rangers 332 -7 -24.5
10 Cleveland Indians 331 -8 -1.0
11 Houston Astros 327 -3 -0.8
12 Baltimore Orioles 310 -3 12.4
13 St Louis Cardinals 308 14 -2.0
14 Colorado Rockies 304 -12 7.1
15 Arizona Diamondbacks 269 -1 -22.2
16 Philadelphia Phillies 239 3 -11.9
17 Detroit Tigers 237 -10 -5.3
18 Chicago White Sox 233 5 1.2
19 San Diego Padres 226 9 4.6
20 Anaheim Angels 225 15 -3.7
21 Pittsburgh Pirates 224 -7 -1.6
22 Cincinnati Reds 223 10 4.9
23 Milwaukee Brewers 206 -14 -6.1
24 Oakland Athletics 172 10 6.6
25 Toronto Blue Jays 166 -9 -23.9
26 Kansas City Royals 153 0 -11.2
27 Minnesota Twins 148 16 0.4
28 Tampa Bay Devil Rays 145 2 1.4
29 Florida Marlins 136 -1 -14.0
30 Montreal Expos 113 5 -9.1
  LEAGUE AVERAGE 295 3 -1.3

2002

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Issued 4/15/02

Baseball teams worth the most, or increasing the fastest in value, have rich TV deals.
Rank Team/Principal owners (year acquired) Current
($mil)
(1)
1yr
change

(2)
debt/
value
(3)
rev
($mil)
(4)
Op
income
 
1

NEW YORK YANKEES /
G. Steinbrenner
('73)

$730 15% 16% 7% $215 $18.7
  New network will leverage premier brand in sports into marketing powerhouse  
2 NEW YORK
METS
/N. Doubleday, F. Wilpon ('86)
482 6 12 10 169 14.3
  Needs new ballpark to remain among elite franchises  
3 LOS ANGELES DODGERS /News Corp. ('98) 435 14 9 23 143 -29.6
  Could soon supplant Mets because of broadcasting muscle supplied by Rupert Murdoch  
4 BOSTON RED SOX / J. Henry, T. Werner ('02) 426 26 NA 56 152 -11.4
  Control of cable network provides cash machine  
5 ATLANTA BRAVES /AOL Time Warner ('76) 424 4 15 7 160 9.5
  Have sweetheart lease in new stadium and terrific broadcasting deal  
6 SEATTLE MARINERS /H. Yamauchi ('92) 373 12 12 34 166 14.1
  Great cable deal and new ballpark give this small market team big market revenue  
7 CLEVELAND INDIANS /L. Dolan ('00) 360 -3 6 31 150 -3.6
  Declining attendance at new ballpark spells trouble  
8 TEXAS RANGERS /T. Hicks ('98) 356 4 9 40 134 -6.5
  Have favorable ballpark lease and rich cable deal  
9 SAN
FRANCISCO GIANTS
/P. Magowan, H. Burns ('92)
355 7 14 49 142 16.8
  Debt-laden owners will need to keep new ballpark packed for years to keep bankers happy  
10 COLORADO ROCKIES /J. McMorris ('92) 347 4 14 12 129 6.7
  Hugely popular expansion team falling out of favor with its fans  
11 HOUSTON ASTROS /R. McLane Jr. ('92) 337 6 13 30 125 4.1
  Rich owner has a great lease in new ballpark-even with loss of Enron naming rights deal  
12 BALTIMORE ORIOLES /P. Angelos ('93) 319 -5 7 47 133 3.2
  Being hindered by falling attendance and probable move of Expos to Virginia  
13 CHICAGO CUBS /Tribune Co. ('81) 287 16 13 14 131 7.9
  Consistently great fan support and high TV revenue  
14 ARIZONA DIAMONDBACKS /J. Colangelo, D. Jensen ('95) 280 14 12 81 127 -3.9
  Hindered by oversaturated sports market and high debt  
15 ST LOUIS CARDINALS /W. DeWitt Jr. ('95) 271 12 9 15 123 -5.1
  Have country's best baseball town, but need new ballpark
16 DETROIT TIGERS /M. Ilitch ('92) 262 -10 12 70 114 12.3
  Under mounting pressure from mountain of debt and falling attendance  
17 PITTSBURGH PIRATES /K. McClatchy ('96) 242 15 18 37 108 9.5
  Great lease in new ballpark, but among weakest demographics in baseball  
18 MILWAUKEE BREWERS /A. Selig Trust ('70) 238 14 10 59 108 18.8
  Will remain in bottom half of league because of high debt, low TV revenue  
19 PHILADELPHIA PHILLIES /B. Giles, D. Montgomery ('81) 231 46 10 54 94 2.6
  New ballpark scheduled to open 2004 will be a boon to revenue  
20 CHICAGO
WHITE SOX
/
J. Reinsdorf ('81)
223 5 12 13 101 -3.8
  Great ballpark lease, but among worst-marketed teams in baseball  
21 SAN DIEGO PADRES /J. Moores ('95) 207 17 12 47 92 5.7
  New ballpark for 2004 season will be highly leveraged  
22 CINCINNATI REDS /C. Lindner ('99) 204 9 4 32 87 4.3
  Will move into new ballpark with excellent lease in 2003  
23 ANAHEIM ANGELS /Walt Disney Co. ('00) 195 -2 18 21 103 5.7
  Outmaneuvered by Dodgers for new regional sports cable network  
24 TORONTO BLUE JAYS /Rogers Communications ('00) 182 13 14 0 91 -20.6
  New owner will be a boon to cable revenue  
25 OAKLAND ATHLETICS /S. Schott, K. Hofmann ('95) 157 5 9 38 90 6.8
  Poorly capitalized owners cannot retain star players  
26 KANSAS CITY ROYALS /D. Glass ('00) 152 10 26 13 85 2.2
  Best-run small market organization in baseball hurt by small media market  
27 TAMPA BAY DEVIL RAYS /V. Naimoli ('95) 142 -6 1 77 92 -6.1
  Worst-managed organization in baseball plays in oversaturated sports market  
28 FLORIDA MARLINS /J. Loria ('02) 137 7 NA 51 81 1.4
  In disarray with three owners in five years  
29 MINNESOTA TWINS /C. Pohlad ('84) 127 29 6 65 75 3.6
  Stingy owner has unfavorable lease and will not finance new ballpark  
30 MONTREAL EXPOS /Major League Baseball ('02) 108 17 NA 112 63 -3.4
  Lowest attendance and poorest TV deal in baseball  
  League Averages 286 10 12 38 119 2.5

Revenues and operating income are for 2001 season and include revenue sharing.

(1)value of team based on current stadium deal (unless new stadium is pending), without deduction for debt (other than stadium debt).

(2)current team value compared with most recent transaction.

(3)includes stadium debt.

(4)earnings before interest, taxes and depreciation.

N/A: not applicable.league average

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Estimated MLB Revenues/Income/Franchise Values, 1990-2003
1990 (from 7/9/91 Financial World)





Revenues

Player Oper. Oper.
Team Gate Media Stadium Total Salaries Expenses Income Value
Yankees 19.8 69.4 6.6 98.0 20.6 73.5 24.5 225
Mets 25.2 38.3 15.4 81.1 22.2 65.3 15.8 200
Dodgers 22.5 29.7 10.0 64.4 20.4 56.8 7.6 200
Orioles 18.1 22.5 5.1 47.9 8.1 38.3 9.6 200
Red Sox 25.3 34.1 6.9 68.7 22.7 56.2 12.3 180
Bluejays 39.1 28.0 8.2 77.5 18.0 63.6 13.9 178
Phillies 16.0 35.0 8.7 61.9 14.2 50.8 11.1 130
Cardinals 20.8 27.4 5.4 55.8 19.6 45.3 20.5 126
Cubs 19.7 24.2 4.2 50.3 13.8 41.1 9.2 125.0
W Sox 16.2 24.2 6.4 49.0 11.1 40.2 8.8 125
Royals 16.0 19.0 16.0 53.2 23.6 6.3 -9.8 122
Athletics 24.6 32.3 9.9 57.9 22.3 45.5 12.4 116
Giants 19.0 23.3 5.5 50.0 22.5 41.0 9.0 105
Reds 15.6 21.8 5.0 48.7 15.8 37.7 11.0 102
Angels 17.0 24.0 5.4 48.6 21.9 39.9 8.7 102
Rangers 14.7 24.6 6.6 50.3 12.7 41.2 9.1 101
Padres 13.5 25.1 6.4 47.2 16.7 38.7 8.5 99
Astros 10.8 24.2 2.8 40.0 18.2 42.0 -2.0 92
Tigers 12.4 22.3 1.1 38.0 17.9 32.9 5.1 84
Pirates 14.6 20.0 4.3 41.1 16.5 41.8 -0.7 82
Twins 13.0 19.6 3.2 38.6 14.2 38.0 0.6 81
Brewers 15.5 19.0 1.7 38.4 18.5 34.5 3.9 81
Indians 9.9 20.0 2.6 34.8 15.4 41.6 -6.8 75
Braves 8.0 20.0 3.2 35.4 14.2 27.6 7.8 74
Expos 10.6 20.0 2.5 35.3 16.5 28.9 6.4 74
Mariners 11.6 17.0 3.2 34.0 12.6 37.1 -3.1 71









AVG: 17.3 26.3 6.0 51.8 17.3 42.5 7.4 121.2


















1991 (from 7/7/92 Financial World)





Revenues

Player Oper. Oper.
Team Gate Media Stadium Total Salaries Expenses Income Value
Yankees 19.4 61.0 7.4 90.0 29.8 59.6 30.4 200
Dodgers 26.6 32.5 18.0 79.3 36.0 72.0 7.3 180
Mets 22.9 50.0 16.0 91.1 35.2 70.4 20.7 170
Bluejays 44.5 30.0 12.0 88.7 29.7 62.4 26.3 160
Red Sox 24.5 40.5 14.3 81.5 35.4 70.8 10.7 160
Orioles 19.0 24.4 5.0 50.6 15.8 39.5 11.1 140
W Sox 27.5 25.7 19.3 78.0 18.0 60.0 18.0 140
Cardinals 19.9 25.0 12.0 59.1 23.2 46.9 12.7 132
Cubs 22.8 27.5 12.1 64.5 29.0 58.0 6.5 132
Rangers 19.0 25.5 14.0 61.5 20.7 47.6 13.9 123
Royals 16.9 20.5 14.0 53.6 30.4 60.8 -7.2 117
Phillies 15.2 23.2 7.6 48.2 21.7 43.4 4.8 115
Athletics 25.7 27.0 10.0 64.0 39.2 66.6 -1.7 115
Angels 19.0 27.9 5.0 54.1 34.3 61.7 -7.6 103
Giants 15.5 26.2 5.0 48.9 33.3 53.3 -4.4 99
Reds 17.1 24.4 5.3 4.9 27.1 48.8 0.2 98
Padres 15.6 23.1 7.5 48.4 24.4 48.8 -0.4 96
Astros 10.6 25.2 8.0 46.0 12.1 31.5 14.5 95
Pirates 16.2 21.9 5.5 45.8 24.9 49.8 -4.0 87
Tigers 15.6 28.8 5.0 51.6 31.1 54.4 -2.8 85
Braves 15.4 18.9 3.8 40.3 20.4 40.8 -0.5 83
Twins 18.2 20.5 3.2 44.1 24.1 48.2 -4.1 83
Mariners 15.5 22.0 5.0 44.7 17.4 41.8 2.9 79
Brewers 14.2 19.4 3.0 38.8 26.4 50.2 -11.4 77
Indians 9.5 23.7 6.6 42.0 19.5 46.8 -4.8 77
Expos 10.7 23.5 3.0 39.4 21.8 43.6 -4.2 75









AVG: 19.1 27.6 8.8 56.1 26.2 53.0 4.9 116.2


















1992 (from 5/25/92 Financial World)





Revenues

Player Oper. Oper.
Team Gate Media Stadium Total Salaries Expenses Income Value
Yankees 21.2 61.0 6.0 94.6 43.5 69.6 25.0 160
Bluejays 44.4 28.0 9.9 87.7 59.3 89.0 -1.3 155
Mets 19.0 50.0 13.0 86.9 50.8 81.3 5.6 145
Red Sox 26.7 40.1 18.9 90.6 49.3 78.9 11.7 136
Dodgers 21.8 33.0 23.0 84.2 46.3 69.5 14.7 135
Orioles 30.6 25.0 21.5 83.5 27.4 49.3 34.2 130
Athletics 24.0 25.0 9.0 64.4 53.2 77.2 -12.8 124
W Sox 28.3 26.2 18.0 77.9 35.0 61.2 16.7 123
Royals 17.5 21.0 9.1 52.0 34.6 57.1 -5.1 111
Rangers 19.7 26.8 15.3 66.2 30.2 51.4 14.8 106
Angels 16.8 28.2 6.9 55.8 31.2 56.1 -0.3 105
Padres 14.8 25.5 9.4 53.6 32.7 53.9 -0.3 103
Giants 13.8 24.5 4.8 47.0 37.5 58.1 -11.1 103
Reds 15.9 24.4 4.9 49.6 40.9 61.4 -11.8 103
Cubs 23.1 28.0 9.4 64.0 37.4 59.8 5.1 101
Cardinals 21.0 25.5 0.0 50.9 28.9 47.6 3.3 98
Tigers 14.4 28.8 3.4 50.5 32.5 53.7 -3.2 97
Phillies 15.2 23.7 6.7 50.0 27.9 50.3 -0.3 96
Twins 21.5 20.0 6.9 52.8 30.0 52.5 0.2 95
Pirates 16.5 23.3 5.9 50.1 37.5 60.0 -9.9 95
Braves 24.5 17.3 3.4 50.7 39.8 59.7 -9.0 88
Astros 10.0 24.1 5.3 43.3 17.3 31.9 11.4 87
Expos 14.0 24.0 4.9 46.7 18.4 35.0 11.8 86
Mariners 14.3 22.0 5.2 45.4 29.0 47.8 -2.4 81
Brewers 15.3 19.8 6.3 45.3 35.2 58.1 -12.8 86
Cleveland 11.6 23.0 1.4 39.9 10.1 26.3 13.6 81









AVG: 19.8 27.6 8.8 60.9 35.2 57.6 3.4 108.8


















1993 (from 5/10/94 Financial World)





Revenues

Player Oper. Oper.
Team Gate Media Stadium Total Salaries Expenses Income Value
Yankees 30.1 63.0 11.7 107.6 52.2 89.4 18.2 166
Bluejays 47.8 31.6 6.3 88.4 56.2 87.1 1.3 150
Mets 20.3 46.1 11.5 80.8 46.0 75.9 4.9 147
Red Sox 26.8 38.0 9.9 77.5 45.2 70.1 7.4 141
Dodgers 29.9 34.0 13.1 79.7 41.6 68.6 11.1 138
W Sox 28.1 26.2 21.8 78.8 41.3 68.1 10.7 133
Rangers 20.0 27.5 10.1 60.3 41.7 59.2 1.1 132
Orioles 35.4 27.4 15.8 81.3 33.8 52.4 28.9 129
Cubs 30.3 36.0 13.6 82.8 45.7 75.4 7.4 120
Athletics 20.9 27.4 9.1 60.1 37.8 60.5 -0.4 114
Rockies 33.3 5.0 11.0 52.2 16.6 34.5 12.7 110
Cardinals 25.0 27.0 10.1 64.8 24.8 44.8 20.0 105
Indians 18.8 23.7 3.1 48.8 18.5 35.5 13.3 100
Phillies 24.6 28.0 5.8 61.1 36.7 60.6 0.5 96
Braves 35.5 35.0 5.8 79.0 53.6 80.4 -1.4 96
Brewers 17.0 21.5 5.1 46.3 27.8 48.5 -2.2 96
Royals 18.3 21.0 9.7 51.7 44.1 58.0 -6.3 94
Angels 17.1 26.7 7.3 53.8 28.2 51.2 2.6 93
Giants 23.6 27.5 15.0 69.1 42.3 69.8 -0.7 93
Tigers 18.9 30.3 4.0 55.6 43.6 61.0 -5.4 89
Reds 18.8 25.0 6.4 52.9 45.9 57.9 -5.0 86
Padres 14.1 25.0 5.9 47.7 12.2 30.2 17.5 85
Astros 19.7 26.2 11.8 60.5 34.7 53.8 6.7 85
Twins 18.8 22.3 5.0 48.9 30.9 47.9 1.0 83
Marlins 28.7 5.0 7.5 44.9 24.1 32.4 12.5 81
Mariners 17.0 21.0 10.0 50.7 35.3 54.7 -4.0 80
Pirates 14.4 23.5 2.3 43.0 23.7 38.9 4.1 79
Expos 14.2 24.0 4.3 46.2 16.8 33.8 12.4 75









AVG: 23.8 27.7 9.0 63.4 35.8 57.2 6.0 107.0
1994 ACTUAL (from 5/9/95 Financial World; reflects strike)



Revenues

Player Oper. Oper.
Team Gate Media Stadium Total Salaries Expenses Income Value
Yankees 22.5 36.4 10.0 71.5 37.1 62.8 8.7 185
Orioles 25.6 11.4 13.4 53.1 30.0 47.6 5.5 164
Rangers 27.0 10.0 10.3 50.1 25.5 44.9 5.2 157
W Sox 21.1 7.2 14.6 45.5 31.4 51.3 -5.8 152
Bluejays 35.4 12.9 5.6 56.4 33.6 55.0 1.4 146
Red Sox 22.3 18.0 7.0 49.9 28.9 49.6 0.2 143
Dodgers 21.3 15.3 10.4 49.5 30.6 53.6 -4.1 143
Cubs 23.7 17.0 9.7 53.8 25.3 50.1 3.7 135
Mets 12.5 22.2 7.6 45.0 24.1 47.2 -2.2 134
Braves 29.6 16.6 7.0 55.8 34.8 61.1 -5.3 120
Rockies 24.3 6.2 10.2 43.5 19.1 38.9 4.6 117
Cardinals 18.5 10.7 7.6 39.3 23.3 43.3 -4.0 110
Indians 22.9 5.4 10.1 41.0 24.8 45.5 -4.5 103
Giants 17.6 10.7 12.0 43.1 33.6 53.4 -10.3 102
Athletics 14.3 13.2 6.7 36.7 27.3 47.3 -10.6 101
Phillies 21.8 10.3 6.5 41.1 24.8 44.8 -3.7 96
Royals 14.9 5.4 9.1 31.9 32.3 49.3 -17.4 96
Marlins 19.4 12.7 5.6 40.9 15.5 31.9 9.0 92
Astros 14.5 8.0 9.1 34.3 26.3 42.6 -8.4 92
Angels 13.0 8.7 5.7 30.0 19.5 38.7 -8.7 88
Reds 14.4 8.4 5.3 30.6 32.7 47.5 -16.8 84
Tigers 14.3 12.5 3.7 33.0 32.7 48.7 -15.7 83
Twins 14.6 5.4 3.6 26.2 19.6 35.7 -9.6 80
Mariners 12.8 6.3 5.8 27.4 22.0 39.5 -12.1 76
Expos 10.8 7.8 4.0 25.8 14.8 29.6 -3.8 76
Brewers 13.2 6.3 3.6 26.0 19.7 37.9 -12.0 75
Padres 9.0 9.0 4.4 25.0 11.1 26.6 -1.6 74
Pirates 11.8 8.6 2.5 25.6 17.0 31.7 -6.1 70









AVG: 18.7 11.5 7.5 40.4 25.6 44.9 -4.4 110.5


















1994 HYPOTHETICAL (from 5/9/95 Financial World; assumes no strike)



Revenues

Player Oper. Oper.
Team Gate Media Stadium Total Salaries Expenses Income Value
Yankees 34.1 54.0 14.3 105.3 53.2 85.3 20.0 185
Orioles 37.6 20.3 19.7 80.6 43.4 65.4 15.2 164
Rangers 35.8 17.8 13.2 70.0 36.3 60.5 9.5 157
W Sox 31.5 14.0 22.4 70.9 45.0 69.9 1.1 152
Bluejays 48.9 21.6 7.6 81.1 47.3 74.1 6.9 146
Red Sox 29.4 29.0 8.9 70.1 40.7 66.6 3.5 143
Dodgers 31.3 25.0 15.2 74.3 43.5 72.2 2.1 143
Cubs 32.7 27.0 13.3 77.0 36.3 67.3 9.7 135
Mets 19.0 34.5 11.7 68.2 34.6 63.4 4.8 134
Braves 43.5 26.0 10.2 82.6 49.4 82.3 0.3 120
Rockies 34.5 12.5 14.6 64.7 26.5 51.2 13.5 117
Cardinals 26.8 18.0 11.0 58.6 33.2 58.1 0.5 110
Indians 35.2 11.5 16.1 65.7 35.5 61.4 4.3 103
Giants 23.8 18.5 17.9 63.4 47.3 72.1 -8.7 102
Athletics 20.5 21.6 9.7 54.6 38.7 63.7 -9.1 101
Phillies 29.6 18.0 8.8 59.1 34.9 59.9 -0.7 96
Royals 20.8 12.0 12.5 48.0 45.6 66.8 -18.7 96
Marlins 26.7 19.5 7.6 57.6 21.9 42.4 15.3 92
Astros 19.9 14.5 12.5 49.8 37.1 57.5 -7.6 92
Angels 17.7 18.3 7.3 46.2 27.5 51.5 -5.3 88
Reds 19.8 15.2 7.2 45.2 46.4 64.9 -19.8 84
Tigers 20.1 21.5 5.1 49.5 46.1 66.1 -16.6 83
Twins 20.5 11.5 4.9 39.8 28.1 48.3 -8.4 80
Mariners 20.7 12.5 10.7 46.6 31.9 53.7 -7.1 76
Expos 16.7 14.5 6.2 41.2 21.0 39.5 1.7 76
Brewers 19.3 12.5 5.2 40.4 27.8 50.6 -10.2 75
Padres 12.7 16.3 6.0 37.8 15.4 34.7 3.1 74
Pirates 16.3 15.5 3.9 38.7 24.1 42.5 -3.8 70









AVG: 26.6 19.8 10.8 60.3 36.4 60.4 -0.2 110.5


















1995 (from 5/20/96 Financial World)





Revenues

Player Oper. Oper.
Team Gate Media Stadium Total Salaries Expenses Income Value
Yankees 24.7 54.3 12.9 93.9 50.5 69.9 24.0 209
Orioles 35.4 18.9 18.8 75.1 43.2 69.1 6.0 168
Braves 30.9 22.1 5.6 60.7 44.5 63.6 -2.9 163
Blue Jays 33.1 20.7 6.7 62.5 44.4 64.1 -1.6 152
Dodgers 26.6 24.4 18.0 70.9 32.3 58.1 12.8 147
White Sox 20.0 16.4 17.3 55.7 38.8 63.7 -8.0 144
Red Sox 27.1 24.2 14.7 67.9 32.1 52.5 15.4 143
Cubs 25.3 21.1 14.5 62.9 34.8 58.1 4.8 140
Rangers 22.2 16.9 20.7 61.9 32.9 54.3 7.6 138
Rockies 35.5 15.0 17.6 70.3 33.4 58.8 11.5 133
Mets 14.1 33.6 11.2 61.5 18.0 40.7 20.8 131
Indians 31.5 15.7 11.0 60.2 36.3 58.8 1.4 125
Giants 14.0 19.8 10.4 46.4 33.0 48.3 -1.9 122
Cardinals 17.2 19.8 9.9 48.8 28.8 47.9 0.9 112
Tigers 13.9 18.1 5.2 39.1 31.1 44.4 -5.3 106
Phillies 19.8 15.9 7.7 45.3 28.4 41.9 3.4 103
Reds 14.7 13.6 7.1 40.4 39.6 52.2 -11.8 99
Marlins 16.4 19.0 9.5 47.8 22.5 41.0 6.8 98
Astros 12.3 15.3 13.8 44.4 31.5 48.9 -4.5 97
Athletics 13.6 17.0 8.7 41.2 33.4 46.1 -4.9 97
Mariners 17.2 11.6 6.0 36.7 34.8 46.5 -9.8 92
Angels 15.1 12.8 9.1 39.0 30.7 42.0 -3.0 90
Royals 13.5 10.9 9.5 35.8 28.3 42.7 -6.9 80
Twins 11.4 14.3 2.5 30.2 19.2 27.7 2.5 74
Brewers 12.1 9.6 5.9 29.5 16.2 28.5 1.0 71
Expos 11.9 12.1 3.4 29.3 12.1 22.2 7.1 68
Padres 9.8 11.1 5.4 28.2 24.6 33.3 -5.1 67
Pirates 9.2 12.2 1.5 24.9 16.7 26.6 -1.7 62









Average 19.6 18.4 10.2 50.4 31.1 48.3 2.1 115.4


















1996 (from 6/17/97 Financial World)





Revenues

Player Oper. Oper.
Team Gate Media Stadium Total Salaries Expenses Income Value
Yankees 42.6 69.8 17.5 133.3 63.0 95.0 38.3 241
Orioles 51.0 30.6 21.4 105.3 55.8 86.3 19.0 207
Braves 40.1 30.3 6.3 79.1 55.4 79.4 -0.4 199
Rockies 46.0 22.8 23.9 95.6 41.6 72.6 23.0 184
Dodgers 31.9 31.8 22.0 88.6 39.1 75.1 13.5 178
Indians 48.0 21.6 22.9 95.4 51.4 79.9 15.6 175
Rangers 35.5 24.3 25.5 87.7 42.8 68.8 18.9 174
Red Sox 39.0 30.9 16.4 88.4 42.2 72.2 16.3 172
Cubs 28.3 29.3 16.9 76.6 32.2 58.2 18.3 165
Blue Jays 36.3 28.4 3.1 70.2 30.7 55.7 14.5 155
White Sox 22.2 24.3 20.9 70.3 47.5 75.5 -5.2 149
Mets 18.2 30.9 16.8 68.3 26.2 57.2 11.0 144
Cardinals 27.3 25.7 14.9 69.8 42.6 66.6 3.2 134
Giants 14.3 25.5 9.6 51.8 37.8 57.8 -6.0 128
Marlins 21.5 23.9 7.3 55.8 30.0 53.0 2.8 123
Athletics 12.5 25.2 9.8 49.4 21.4 38.1 11.3 115
Astros 21.8 22.3 14.4 62.4 28.4 50.9 11.5 114
Phillies 18.7 21.4 8.0 50.0 31.9 56.4 -6.5 112
Tigers 12.4 24.7 5.4 44.4 21.6 40.6 3.8 110
Mariners 31.0 17.2 7.5 57.6 44.3 59.3 -1.7 107
Reds 14.9 21.5 7.0 45.3 45.3 59.3 -14.0 95
Angels 15.0 18.3 7.1 42.5 27.7 44.9 -2.4 93
Brewers 14.9 15.1 9.7 41.6 17.5 35.0 6.6 92
Royals 14.5 16.5 10.2 43.1 20.9 38.4 4.7 88
Padres 21.7 16.5 12.1 52.8 33.3 50.3 2.5 86
Expos 14.8 19.4 4.8 40.9 17.7 34.7 6.2 77
Twins 23.8 20.4 5.0 41.1 23.4 42.4 -1.3 77
Pirates 23.4 17.7 7.7 39.9 20.5 38.5 1.4 71









Average 25.7 25.2 12.6 66 35.4 58.7 7.3 134


















1997 (from 12/14/98 Forbes)






Oper. Debt/




Team Revenues Income Value Value



Yankees 144.7 21.4 NA 362



Orioles 134.5 18.7 31 323



Indians 134.0 15.4 16 322



Rockies 116.6 38.3 12 303



Braves 119.6 18.2 7 299



Rangers 97.6 9.1 79 254



Mariners 89.8 11.4 20 251



Dodgers 94.3 0.9 0 236



Red Sox 92.1 7.7 9 230



White Sox 82.3 -4.2 NA 214



Cubs 81.5 8.1 0 204



Mets 80.5 8.1 7 193



Astros 68.0 2.3 62 190



Giants 69.8 0.2 89 188



Cardinals 82.9 2.4 9 174



Padres 57.6 -6.7 8 161



Marlins 88.2 -5.5 38 159



Angels 62.6 -9.6 0 157



Blue Jays 67.1 -20.5 NA 141



Tigers 50.6 -0.4 106 137



Reds 50.2 -19.9 22 136



Pirates 49.3 7.5 38 133



Phillies 57.1 2.5 10 131



Brewers 46.9 -4.8 97 127



Athletics 56.4 7.5 NA 118



Royals 51.2 -11.8 0 108



Twins 46.8 -16.5 14 94



Expos 43.6 -3.7 NA 87












Average 79.1 2.5
194





















1998 (from 5/31/99 Forbes)






Oper. Debt/
Percent


Team Revenues Income Value Value Change


Yankees 175.5 23.0 3 491 36


Indians 149.7 19.0 16 359 12


Braves 142.7 16.4 6 357 19


Orioles 140.5 8.5 28 351 9


Rockies 124.6 19.5 11 311 3


Diamondbacks 116.3 22.5 47 291 NA


Rangers 108.1 0.5 71 281 11


Dodgers 107.9 -11.7 5 270 14


Red Sox 106.9 -7.6 8 256 12


Mets 99.7 -5.2 5 249 29


Astros 82.5 -3.7 67 239 26


Mariners 81.3 -8.6 35 236 -6


Devil Rays 93.7 20.6 33 225 NA


Cubs 93.1 -7.9 6 224 10


Giants 73.3 -6.4 80 213 13


Cardinals 97.8 1.6 7 205 18


Padres 78.9 -8.0 63 205 27


Angels 88.5 -0.2 10 195 24


White Sox 74.1 0.2 8 178 -17


Reds 54.4 0.6 18 163 20


Blue Jays 73.4 -9.5 8 162 15


Brewers 55.5 -8.8 80 155 22


Marlins 69.5 8.6 0 153 -4


Tigers 54.2 -4.5 96 152 11


Phillies 66.0 4.5 9 145 11


Pirates 51.7 2.6 62 145 9


Athletics 56.7 3.3 11 125 6


Royals 53.5 -10.9 21 98 -11


Twins 46.8 -7.1 93 89 -5


Expos 46.5 5.6 60 84 -4











Average 88.8 1.9 32.2 220 11




















1999 (from 6/12/00 Forbes)






Oper. Debt/
Percent


Team Revenues Income Value Value Change


Yankees 195.6 17.5 47 548 11


Braves 155.2 18.3 9 388 9


Indians 151.7 16.5 37 364 1


Orioles 138.8 -0.7 43 347 -1


Dodgers 120.3 -21.1 11 325 20


Mets 125.6 -1.2 19 314 26


Rockies 122.2 7.9 14 305 -2


Rangers 117.5 -9.5 68 294 5


Mariners 111.6 5.5 59 290 23


Red Sox 123.3 2.4 13 284 11


Astros 93.3 -5.5 57 280 17


Diamondbacks 111.5 12.9 50 268 -8


Cubs 105.4 -1.6 15 242 8


Giants 71.9 -9.0 76 237 12


Cardinals 104.5 5.4 16 219 7


Tigers 71.5 1.1 87 200 32


Padres 78.9 -8.8 94 197 -4


Angels 90.7 -2.5 10 195 0


Reds 49.4 -5.1 3 175 7


Brewers 60.8 -14.4 84 167 8


White Sox 73.8 11.7 22 166 -7


Devil Rays 77.5 -6.5 61 163 -28


Blue Jays 73.7 -2.8 22 162 0


Pirates 57.6 0.2 56 161 11


Phillies 68.1 3.0 24 150 3


Athletics 60.9 3.9 45 134 7


Marlins 59.3 2.4 14 125 -19


Royals 62.5 5.8 30 122 27


Twins 47.7 2.2 91 91 2


Expos 47.1 1.9 75 89 7











Average 94.3 1.0 41.7 233.4 6.2




















2000 (from 3/29/01 Forbes)






Oper. Debt/
1-Year


Team Revenues Income Value Value Change


Yankees 192.4 21.9 15 645 16


Mets 162.0 21.3 13 454 44


Braves 145.5 7.7 10 407 5


Dodgers 131.3 -17.4 11 381 17


Indians 142.9 4.2 36 372 2


Rangers 126.5 7.4 51 342 16


Red Sox 125.7 -7.3 12 339 20


Orioles 124.0 2.1 45 335 -3


Rockies 119.1 6.4 12 334 9


Giants 138.8 27.4 59 333 40


Mariners 138.3 17.8 51 332 14


Astros 122.2 22.3 50 318 14


Tigers 120.8 12.1 66 290 45


Cubs 112.4 9.1 16 247 2


Diamondbacks 109.1 -7.9 63 245 -8


Cardinals 110.5 -3.0 16 243 11


White Sox 92.6 17.8 19 213 28


Pirates 70.4 2.3 43 211 31


Brewers 69.6 -1.6 67 209 25


Angels 94.4 -8.9 13 198 2


Reds 77.8 6.9 35 187 7


Padres 84.0 -8.0 108 176 -11


Blue Jays 80.3 -5.9 25 161 -1


Phillies 79.2 -1.1 25 158 6


Devil Rays 81.3 -11.3 66 150 -8


Athletics 74.7 5.2 40 149 11


Royals 72.6 4.3 29 138 13


Marlins 67.3 6.5 30 128 3


Twins 58.0 5.8 84 99 9


Expos 53.9 -8.1 73 92 3











Average 105.9 4.3 39.4 262.9 12.1




















2001 (from 4/15/02 Forbes)






Oper. Debt/
1-Year


Team Revenues Income Value Value Change


Yankees 215.0 18.7 7 730 15


Mets 169.0 14.3 10 482 6


Dodgers 143.0 -29.6 23 435 14


Red Sox 152.0 -11.4 56 426 26


Braves 160.0 9.5 7 424 4


Mariners 166.0 14.1 34 373 12


Indians 150.0 -3.6 31 360 -3


Rangers 134.0 -6.5 40 356 4


Giants 142.0 16.8 49 355 7


Rockies 129.0 6.7 12 347 4


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